Paul Kanareck, the newspaper’s chair, told staff on Wednesday morning: “The substantial losses accruing from the current operations are not sustainable. Therefore, we plan to consult with our staff and external stakeholders to reshape the business, return to profitability and secure the long-term future of the number one news brand in London.”
This is truly sad, but also obvious and inevitable. Will be interesting to see what they do to "reshape the business" and "return to profitability." I'm not sure a weekly print edition is a solution to that challenge.
posted by matt in Friday, May 31, 2024